Diodes Incorporated (NASDAQ:DIOD – Get Free Report) CTO Francis Tang sold 4,137 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $108.00, for a total transaction of $446,796.00. Following the transaction, the chief technology officer directly owned 91,768 shares in the company, valued at approximately $9,910,944. This represents a 4.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Francis Tang also recently made the following trade(s):
- On Wednesday, May 27th, Francis Tang sold 5,000 shares of Diodes stock. The stock was sold at an average price of $110.08, for a total value of $550,400.00.
- On Tuesday, May 12th, Francis Tang sold 3,643 shares of Diodes stock. The shares were sold at an average price of $108.00, for a total transaction of $393,444.00.
Diodes Stock Performance
Shares of NASDAQ:DIOD opened at $109.89 on Friday. The company has a market cap of $5.05 billion, a P/E ratio of 59.72 and a beta of 1.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 3.17. Diodes Incorporated has a one year low of $42.28 and a one year high of $117.80. The business’s 50-day simple moving average is $90.41 and its 200 day simple moving average is $68.30.
Key Stories Impacting Diodes
Here are the key news stories impacting Diodes this week:
- Positive Sentiment: Diodes’ latest earnings report was solid, with the company beating EPS and revenue estimates and posting 22.1% year-over-year revenue growth, which supports the recent move higher in the stock.
- Neutral Sentiment: The stock has been trading near its 52-week high, reflecting strong momentum after the earnings beat and improved analyst sentiment.
- Negative Sentiment: Multiple insiders, including CEO Gary Yu, CTO Francis Tang, SVP Emily Yang, SVP Andy Tsong, and insider Jin Zhao, sold shares over the past few days. This cluster of sales may make investors question whether management sees limited near-term upside at current levels. Wave of Insider Stock Sales Sweeps Through Diodes’ Executive Ranks
- Negative Sentiment: Andy Tsong’s additional sale adds to the overall insider selling trend, reinforcing the cautious signal from executive activity. Andy Tsong Sells 1,582 Shares of Diodes (NASDAQ:DIOD) Stock
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. Truist Financial boosted their price target on Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a report on Friday, May 8th. Zacks Research raised shares of Diodes from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Robert W. Baird set a $120.00 price objective on shares of Diodes in a research report on Friday, May 8th. Benchmark increased their target price on Diodes from $62.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, Wall Street Zen raised shares of Diodes from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $113.00.
View Our Latest Stock Analysis on DIOD
Institutional Investors Weigh In On Diodes
Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Diodes by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company’s stock valued at $303,681,000 after acquiring an additional 166,603 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Diodes by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,436,359 shares of the semiconductor company’s stock valued at $166,294,000 after acquiring an additional 53,934 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Diodes by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,350,436 shares of the semiconductor company’s stock valued at $66,640,000 after acquiring an additional 11,799 shares in the last quarter. Global Alpha Capital Management Ltd. lifted its position in shares of Diodes by 1.6% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 855,090 shares of the semiconductor company’s stock valued at $42,190,000 after acquiring an additional 13,420 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Diodes by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 797,316 shares of the semiconductor company’s stock valued at $39,340,000 after acquiring an additional 17,506 shares in the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.
Diodes Company Profile
Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.
Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.
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